Forensic audits are comprehensive and in-depth examinations of an organization, typically conducted by experts. These audits help identify risks and ensure compliance with applicable laws and regulations. Here are five techniques for a forensic audit, along with instructions on how to conduct one. Computer Assisted Audit Techniques (CAATs) CAATs are computer programs that auditors use…
In a complex scenario that involves numerous tax rules, tax compliance is becoming increasingly important for companies. Many managers are adhering to this tool because at different times they are unable to keep up with the changes that occur in tax laws and end up making costly mistakes for the company. Tax compliance strengthens tax…
A wide variety of financial management errors can occur depending on the context of each business. Although some are more popular, it is important at all times to check how your company’s financial health is going and the evolution of its processes. For this, it is important to have effective accounting advice and accounting specialists…
To make a company more competitive in the market, prevent divergences, and make it regularized in the face of current legislation, it is essential to carry out a tax audit. It allows for the healthier development of organizations, regardless of size and segment. Some companies still ignore this tool, not because they don’t understand how…
The company’s financial health begins and ends with cash flow. This is nothing new for any manager, administrator, or accountant – or at least it shouldn’t be. However, even when the company regularly monitors its cash flow and makes decisions based on it, certain very common mistakes can compromise your entire business. Below mentioned are…
Every time a new financial year begins, it is essential that the company prepares an effective financial plan, to find tax and accounting strategies to reduce the amount paid with taxes, generate profit for the business, reduce costs and achieve better results. Tax planning is a measure used that allows the company to reduce its…
The chartered accountant is often perceived as a professional figure, whose role is limited to the accounting of the company. For many, this professional should only be called upon when the business is already in place. However, the latter can intervene in the process of creating the company. Discover in this article the roles of…
Accounting is an inherent part of the life of a business, regardless of its size, legal form, and sector of activity. However, it is not compulsory to call on a chartered accountant to ensure its maintenance or to carry out all the administrative formalities associated with it. You have every right to manage all of…
It may not seem very far off, but in the year, the e-commerce sector contributed only 7.4% in global retail sales. By 2020, that number had grown to 18%. In 2024, projections point to around 22%. It is in the face of this growth rate that this business model is considered by many when starting…
Every company or organization must have an auditor in charge to investigate it. So that you better understand whether you should choose an internal or external auditor, try to know the difference between internal and external audits first. When we talk about internal and external audits, many entrepreneurs have doubts about their differences and applications….
